DALLAS, Dec. 27, 2012 – Industrial Concepts Inc. of Georgetown, KY, turned to Capital Alliance Corp. (www.cadallas.com), a global mid-market investment banking firm, for advice and counsel during its acquisition by Palm Ventures, a private equity firm in Greenwich, CT. Industrial Concepts is a leading provider of factory automation products and services to the automotive and heavy machinery manufacturers in the United States.
“The major shareholders of Industrial Concepts were ready to take a step back from the responsibilities of day-to-day management. Their interests had evolved into other areas. We were able to arrange a corporate sale that rewarded them handsomely,” said Bryan Livingston, executive vice president and principal of Capital Alliance. “In addition, if the company was to continue its rapid pace of growth, it needed to be able to tap into deeper sources of capital and Palm Ventures was able to provide that.”
Since its founding, Industrial Concepts had built a strong track record for delivering factory production solutions involving automated welding, power train assembly, and robotic material handling for a diverse set of companies including Toyota, BMW, John Deere, Volvo, Case New Holland and others. Palm Ventures invests in companies that have a positive and transformative impact on society. Its portfolio companies are active in a number of industries, including industrial, education, health care, and oil and gas field services.
About Capital Alliance
Capital Alliance is a global mid-market investment banking firm providing consulting services for mergers and acquisitions. The company represents client companies in a variety of markets, including energy, construction and engineering, manufacturing and business services. Since its founding in 1976, the privately held firm has completed more than 200 transactions with an aggregate transaction value in excess of $3 billion. For more than 25 years, Capital Alliance has been a member of M&A International, an organization of investment banking firms operating in the major economies of the world.
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